Zippy Financial Zippy Financial

Why you Should Cancel your Child’s Extracurricular Activities

Extracurricular activites

As parents, we know the value and importance of extracurricular activities. Sports, music, art and swimming classes not only expand our children’s knowledge and experiences, but they also help our children grow their social circles and gain self-confidence.

But, most of these activities and lessons do not come cheap. In fact, many hourly activities can cost upwards of $60 per hour. On researching friends, we found they were paying $80 to $90 per hour for piano, guitar, singing lessons and pretty much the same for Maths and English tutoring.

So, how can you make sure your children are still enjoying fun extracurricular activities that promote their growth and wellbeing without breaking the bank in the process?

Taking a Less Expensive Approach to Children’s Activities

Fortunately, thanks to ongoing advances in technology and the internet, we have never been more connected.

That means that whatever activity or hobby your child is interested in, you may be able to access a wealth of information, tutorials and lesson materials online to help them grow and develop their skills and passions. These include…

Music Lessons

Just because you don’t want to hand over $60 per week for a half-hour piano lesson doesn’t mean your child can’t still learn how to play. Explore affordable alternatives and resources to nurture their musical skills.

Online tutorials in music are a great way for children to experiment with a new instrument. Whether they want to learn the guitar, drums, piano or violin – this will depend on your access to instruments – you will be able to find lessons online. If your child wants to learn music all you need is to provide them with an instrument of their choice and they will be on their way to becoming your mini-Maestro in no time at all.

Best Place to Start?

YouTube is a great place to start for free videos, but there are also a number of affordable paid online music schools. These do involve a small cost, but they can be much cheaper than face-to-face music lessons.

Language Lessons

Learning a foreign language can do amazing things to your child’s growing brain. Studies have indicated that those who are bilingual are able to perform better with things like multitasking and focusing their attention on subjects for longer periods of time. Further, people who know two languages have additional grey matter in their brain which aids in their executive functioning.

Learning a language is exciting, challenging and an amazing feeling when you get the hang of it. And the best part is that you don’t have to be a language teacher yourself in order to teach your little ones.

There are many free resources online that can assist you in teaching your children. First, you need to choose a language. French or Spanish are definately up there with the easiest (plus they are two of the most spoken languages around the world). But you can choose any language you like.

Best Place to Start?

DuoLingo; it is free, easy to navigate and offers access to just about every foreign language in the world.

Coding Lessons

Coding is a fascinating skill to learn and know, and in this day and age, having knowledge of coding can be extremely valuable, especially for children, who will likely need at least some knowledge of it in their careers.

Through coding, they develop cognitive functioning, problem-solving skills and patience. Coding can be fiddly and being able to sit still and work through until you find a solution is a key skill for children to learn for their later years. What’s more, it also increases your child’s career opportunities for the future. And while you may think it is too early to be thinking about their careers, the truth is that any additional skills they can learn in their early years will expand their skill set and broaden their horizons.

Best Place to Start?

Tynker; with programs for kids aged five and older, it is the ideal platform to introduce your children to the world of coding.

The biggest benefit from conducting these activities from home is the financial freedom you will be able to enjoy, without your children having to do without.

And these savings can be substantial. As an example, let’s consider someone with a $500,000 mortgage at 3.5% interest. Using a calculator such as this one, we see that an extra $200 per month paid into the mortgage instead of spent on activities and hobbies would shave 3 years and 10 months off their loan term AND save over $43,310 in repayments.

Pretty incredible right? But let’s kick it up a notch… what if you made an additional $400 in repayments each month? Then you would reduce your loan term by 6 years and 9 months and save a total of $75,080 in repayments. Astounding!

Moral of the story? Don’t feel as though you cannot provide these sorts of educational activities for your children because you are so focused on paying off your mortgage. You absolutely can do both just by utilising the available technology in this amazing world we live in.

Frequently Asked Questions

Why should I consider canceling my child’s extracurricular activities?

The article suggests that many extracurricular activities can be expensive, costing up to $90 per hour. Canceling these activities and opting for less expensive alternatives can save substantial amounts of money without compromising your child’s development.

What are some less expensive alternatives to traditional extracurricular activities?

The article recommends online tutorials for music lessons, language learning apps like DuoLingo, and coding platforms like Tynker as less expensive but equally enriching alternatives.

How can these savings impact my mortgage payments?

The article provides an example where saving an extra $200 or $400 per month could reduce your mortgage term by several years and save tens of thousands of dollars in repayments.

Are online tutorials effective for learning music?

According to the article, online tutorials can be a great way for children to experiment with new instruments and can be much cheaper than face-to-face lessons.

How can learning a foreign language benefit my child?

Studies indicate that bilingual individuals perform better in tasks like multitasking and focusing. Learning a language can also increase the grey matter in the brain, aiding in executive functioning.

Is coding a valuable skill for children?

Yes, coding can be extremely valuable, especially in this digital age. It helps in developing cognitive functioning, problem-solving skills, and patience.

How can I ensure that my child is still benefiting from these activities?

The key is to find quality online resources and tutorials that can provide the same level of enrichment as traditional lessons. This way, your child can continue to grow and develop their skills without breaking the bank.

Phone: 1300 855 022


Zippy Financial is an award-winning mortgage brokerage specialising in home loans, property investment, commercial lending, and vehicle & asset finance. Whether you are looking to buy your first home, refinance or build your property investment portfolio, the team at Zippy Financial can help find and secure the right loan for you and your business. 

About the Author:   

Louisa Sanghera is an award-winning mortgage broker and Director at Zippy Financial. Louisa founded Zippy Financial with the goal of helping clients grow their wealth through smart property and business financing. Louisa utilises her expert financial knowledge, vision for exceptional customer service and passion for property to help her clients achieve their lifestyle and financial goals. Louisa is an experienced speaker, financial commentator, mortgage broker industry representative and small business advocate.   

Connect with Louisa on Linkedin.   

Louisa Sanghera is a Credit Representative (437236) of Mortgage Specialists Pty Ltd (Australian Credit Licence No. 387025).

Disclaimer:This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This article is not to be used in place of professional advice, whether business, health or financial. 



Comparison Rate calculated on a secured loan amount of $150,000 for a term of 25 years. WARNING: This Comparison Rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different Comparison Rate. Fees and Charges Apply. Terms and Conditions are available on request.